Subhash Chandra & Punit Goenka move Securities Appellate Tribunal against Sebi order
The bench has posted the matter for further hearing on Thursday
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Published: Jun 13, 2023 12:41 PM | 1 min read
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Subhash Chandra and Punit Goenka on Tuesday moved the Securities Appellate Tribunal (SAT) against a Sebi order that restrained the duo from holding key managerial positions in listed entities, e4m has learnt from highly placed sources.
The senior counsel appearing for the duo argued that no show-cause notice has been issued to them.
"Principles of natural justice haven't been followed," the counsel added.
The bench has posted the matter for further hearing on Thursday.
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